I’m thinking we could get a much higher appraisal to pull cash out in 6 mos to a year when it’s fully rented being that it’s commercial and based on ROI opposed to keeping it residential with 4 units and basing values off comps in the area which are lower say 80k range.

Any payments on the balance remaining from the original loan must be included in the debt-to-income ratio calculation for the refinance transaction.Note: Funds received as gifts and used to purchase the property may not be reimbursed with proceeds of the new mortgage loan.The new loan amount can be no more than the actual documented amount of the borrower's initial investment in purchasing the property plus the financing of closing costs, prepaid fees, and points on the new mortgage loan (subject to the maximum LTV, CLTV, and HCLTV ratios for the cash-out transaction based on the current appraised value).All other cash-out refinance eligibility requirements are met.

Professional photos, 3D scan, SEO presence and experienced agents that are paid based on your customer service experience is what I'd look for..paying someone for any level of service just doesn't seem like a good investment to me.I would also question the ethics of any brokerage/agent that bad mouth's or publicly makes false statements about another brokerage in direct violation of National Association of Realtors Code of Ethics (low paid, inexperienced agents)  I guess some folks feel a need to tear someone down to build themselves up!

Understandably though, i'm sure some of my numbers aren't entirely accurate due to a lack of my own experience, but they're to the best of my current abilities based on data gather from BP and trend averages that others have seen.Be honest with yourself that you're betting on price appreciation and hedging against inflation because the neighborhoods with a large share of 30-somethings renting or owning in it that are fairly safe are going to be about break-even with rent prices at best.

I did a solo 401k based on saving 10% YoY for 15 years in tech, and cashed out on current bull run and for 80% LTV, 7% over 25 year amortization. 19 unit for 750K and found it through networking with 20 brokers for the right off market deal over the course of 2 years.Goodluck!

I am also open to other locations - right now I am based out of NY but the market here is extremely expensive.

Based on what we know and found out from neighbors, although we don't have any abstract evidence, Tenants were misusing the property to run a Prostitution type of business, massages service etc.

@Mark Doty in theory the post construction valuation should be based on your NOI.

It is the mortgage or deed of trust that allows a lender recourse (via foreclose) if the burrower fails to make the monthly payments and/or breaches the loan contract in some way or another.When it comes to mobile property, it depends on what state you are in and how that state defines mobile property; each state has guidelines as to whether a mobile property is considered personal or real estate based on certain tests.

Properties by military bases are a blessing and a curse.